What is the sales volume of pharmaceutical intermediate suppliers?

The overall sales of pharmaceutical intermediates are showing a downward trend. Taking Anglikang as an example, its pharmaceutical manufacturing revenue accounts for 100% of the company's total revenue. Specifically, in terms of products, the revenue from formulations, which account for 35.57% of revenue, decreased by 15.80%, while the revenue from active pharmaceutical ingredients, which account for 48.60% of revenue, decreased by 7.37%. Only the revenue from specialty intermediates increased by 33.69%. In addition, the total operating revenue of Tuoxin Pharmaceutical in 2024 plummeted from 836 million yuan in 2023 to 422 million yuan, a decrease of nearly 50%, mainly due to significant changes in the market demand for antiviral active pharmaceutical products, resulting in a serious impact on overall revenue.
The main factors affecting sales
Market demand changes: Changes in market demand are one of the main factors affecting the sales of pharmaceutical intermediates. For example, the significant decline in performance of Tuoxin Pharmaceutical is mainly due to the sharp drop in demand for antiviral products. With the gradual control of the global epidemic, the demand for related products has shown a significant decline.
Environmental policies: The implementation of environmental policies also has a significant impact on the pharmaceutical intermediate industry. Due to the similar production methods of pharmaceutical intermediates and chemical raw materials, the tightening of environmental and safety production policies has led to the gradual elimination of enterprises that cannot meet green production requirements, resulting in an increase in industry concentration.
Technological innovation capability: Technological innovation capability is also an important factor affecting sales. Tuoxin Pharmaceutical's R&D investment will decrease in 2024. Although some achievements have been made in technological innovation, they have not been effectively transformed into market performance, indicating that the company still needs to strengthen the industrial application of technological achievements.
Future Development Trends
In the future, with the implementation of environmental protection and safety production supervision policies, enterprises that cannot meet green production requirements will gradually be eliminated, and industry concentration will increase. Meanwhile, the improvement of technological innovation capability will be the key to enhancing market competitiveness. Despite facing market demand fluctuations and technological innovation challenges, enterprises still have the opportunity to achieve stable growth by optimizing product structure and enhancing profitability.